Ethereum|The BULLISH trend continues until the price of 2800Hello friends, I hope you have made a lot of profit this week.
Let's go to Ethereum to have an overview of it.
At the moment, Ethereum is involved with a daily resistance zone as well as a 4H resistance zone.
This supply area has been tested several times, now the debate is whether the buyers are winning the game or the sellers.
If this area is broken upwards, we will enter buy positions on the pullback to this area.
If it falls from here, we will enter buying positions in the demand areas that I specified in the chart.
My possible target price is 2800, but never enter the position without confirmation, don't forget the SELL limit.
Trend
#NIFTY Intraday Support and Resistance Levels -11/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21650 level and then possible upside rally up to 21770 level in today's session. in case nifty trades below 21600 level then the downside target can go up to the 21480 level.
Litecoin(LTC): Can We See Another Drop?The LTC coin has caught our attention with some nice potential for history to be repeated!
We are seeing how, after forming some bullish trends, we have been eventually breaking them from time to time.
With that being said, we are seeing a similar outcome, where currently we had a breakdown and now we are entering the "sideways movement" phase.
During that phase, multiple positions can be taken, but as of now, this is just raw material, as we need to see if we will form any clear trends here!
Swallow Team
AUDUSD - Follow Your Friend ↗️Hello TradingView Family / Fellow Traders,
📈 AUDUSD has been overall bullish , trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 0.665 is a robust support zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As AUDUSD approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPNZD - Follow The Bears 🐻Hello TradingView Family / Fellow Traders,
📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline.
Moreover, the zone 2.055 is a robust supply zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the blue supply and upper red trendline.
📚 As per my trading style:
As GBPNZD approaches the red circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin(BTC): Shorting Towards $32-34K Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe.
This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!
Regression Channel - Nifty - Day & 1hr timeframe1. Change in the regression trend at day timeframe, 1st Dec 23
It occurred with Gap formation, which will act as good support
2. Another Regression channel can be observed at 1hr time frame
3. Spinning Top Formation at the weekly timeframe, implicates bearish sentiment in the last week's price movement
Another "change in the trend" is expected
GBPAUD - Follow The Trend ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 GBPAUD has been overall bearish trading below the red trendline, and it is currently retesting it.
Moreover, the zone 1.9 is a robust resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As GBPAUD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
QQQ is sick more fed news on Friday Short StrategyQQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending
regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries
in this downtrend especially with put options contracts with expirations every other day.
Greed has turned to fear. Those equipped with experience and risk management can capitalize
now to build capital for when the bull run resumes.
CGC 🆕Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and potential profits for savvy investors. Understanding the landscape, staying informed about legislative changes, and diversifying your portfolio can help navigate the uncertainties and maximize the potential of cannabis stocks in the long run
Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market.
While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback.
As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
GBPUSD SELLSo here we have price forming lower highs and respecting our MA's. I don't usually rely this much on my MA's but since price has repeatedly rejected on the 30 min TF during the London session, theres indication buyers don't have enough liquidity in the market, and with US news coming out shortly and giving the economic month we had in December last month, the dollar could increase due to consumer spending. I'm price to retest my entry level for more confirmation in a bearish trend. Hopefully my SL isn't too tight lol. Please leave some feedback!
HelenP. I British Pound can rebound up from support levelHi folks today I'm prepared for you British Pound analytics. A few time ago price rose to the 1.2620 support level, which coincided with the support zone, but at once rebounded and in a short time declined to the trend line. After this, the price rebounded from this line, started to trades in a triangle, and made a strong impulse up to the 1.2785 resistance level, which coincided with the resistance zone, thereby breaking the 1.2620 support level. Then GBP bounced from the resistance level and made a correction to the support level, which coincided at moments with the trend line, after which the price rebounded and rose until to resistance zone. But soon, GBP fell back to the trend line, making a fake breakout of 1.2785 level and even recently broke this line, thereby exiting from the triangle pattern and declining to the support level, where it continues to trades near now. For my mind, the British Pound will decline to the 1.2620 level, rebound, and start to move up. That's why I set my target at the 1.2725 level. If you like my analytics you may support me with your like/comment ❤️
CHZUSDT Upside Momentum Towards Key Fibonacci MarkerCHZUSDT recently breached a crucial resistance, now serving as a demand zone.
The respected uptrend trendline and this breakthrough validate the ongoing uptrend.
The signs indicate a potential extension of this significant uptrend, possibly propelling the price towards the $0.146 level, marking a 38.2% Fibonacci resistance.
After strong upward impulse, BTC can make correction to 44150Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago reached the resistance line of the downward channel, which is located in the support area, but at once rebounded and continued to decline in the channel. Later BTC fell to the support level, which coincided with the support line of the channel and buyer zone, but then the price rebounded and made impulse up to the resistance line. After this, Bitcoin bounced and declined until to support line of the channel, thereby breaking the 42000 level, but soon price rebounded and rose back, making a fake breakout of this level. Next, the price some time traded near the 42000 level and later rebounded up to the resistance line of the downward channel. In a short time, BTC exited from the channel and made a strong upward impulse to 45900 points, thereby breaking the 44150 level, which coincided with the support area. Recently it started to decline and possibly Bitcoin can make a correction to a current support level. For this case, I set my target at this level - 44150. Please share this idea with your friends and click Boost 🚀
EURJPY - Following The Bulls ↗️Hello TradingView Family / Fellow Traders,
📈 EURJPY has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 150.0 is a robust round number and demand zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
#NIFTY Intraday Support and Resistance Levels -02/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21670 level and then possible downside rally up to 21550 in today's session. in case nifty trades above 21710 level then the upside target can go up to the 21830 level.
FILL ENTERING NEW UPTREND VOLUMEThank you for reading this update.
Depending on our study we see that FILL has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Ripple can make one more correction move and then bounce upHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price started to decline a downward channel a few times ago, where it broke the 0.6800 resistance level, which coincided with the seller zone, and then fell to the 0.5900 support level, which coincided with the buyer zone. Also soon, the price broke the 0.5900 level too and declined to support line of the channel, after which it rebounded and made a strong upward impulse to the resistance level, thereby exiting from the channel and starting to trades in the range. After this movement, Ripple rolled down from the seller zone and declined to the support level in the range. But a not long time ago, XRP rebounded from this level and in a short time rose to 0.6580 points. And recently, the price bounced down and now I think that Ripple can one more time a little decline and then continue to move up. So, that's why I set my target at the 0.6600 level. Please share this idea with your friends and click Boost 🚀
Uniswap(UNI): Will Ascending Channel Fail?UNI has been trading in the ascending channel for some time now, bouncing from one side to another.
With pressure from overall markets, we are looking here for a potential price movement to lower zones of that channel and potentially breaking it as well!
Swallow Team
Bitcoin can rebound up from support line to resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago rose in an upward channel, where it reached the 37700 support level, which coincided with the buyer zone, but firstly it rolled down to the support line of the channel. After this, BTC bounced up to the 37700 level, broke it, and later made a retest to this level. Next, the price entered a triangle, where it rebounded from the support line, which coincided with the support level and made an upward impulse to the resistance level, thereby exiting from the channel. When, BTC reached the 44300 resistance level, which is located in the seller zone, the price at once rebounded and made a correction to support line of the triangle. Then price tried to rise back, but after which Bitcoin reached the seller zone, the price declined back to the support line of the triangle, where it continues to trades near to this day. In my mind, Bitcoin can fall to this line, making a correction again, and then price rebound up to the resistance level. So, this is why I set my target at the 44300 level. Please share this idea with your friends and click Boost 🚀